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Seattle's city council voted unanimously to approve a new tax on the largest employers in the city, despite strong opposition by Amazon and other affected companies. The tax, on companies with more than $20 million in receipts, will amount to about $275 per employee and is intended for use in improving conditions for the city's homeless.

The tyranny of local government was on full display this week. The culprits are some greedy members of the Seattle City Council. Backed by their union friends, they just voted to impose a "head tax" on large employers, such as Amazon and Starbucks. The real victims, of course, will be the companies' employees.
Thanks to Seattle's many thriving businesses, its revenue base has been growing much faster than its population. Unfortunately, the City Council is doing what it does best and, rather than...

Seattle's City Council passed a new tax Monday. It will charge big companies $275 for every employee.
The "head" tax is supposed to fund housing for the homeless. Supporters of the tax chanted "Housing is a human right!" at a protest lead by Councilwoman Ksharma Sawant, a member of the Socialist Alternative party.
Seattle homelessness has doubled in the last 8 years. Politicians blame a shortage of "affordable" housing, but John Stossel says that the politicians' own bad policies helped create...

A controversial proposal that will tax big businesses in Seattle to alleviate the city's homelessness and affordable housing problems was approved Monday.
The Seattle City Council passed it unanimously in a 9-0 vote.
The final package, however, is almost half the size of the original proposal, which never garnered a veto-proof majority on the council. It was publicly opposed by Amazon -- the city's largest private sector employer -- and 131 other businesses.
The newly passed ordinance, which...

Warning issued after council votes for corporate wealth tax to help tackle city’s housing crisis
Amazon has threatened to move jobs out of its hometown of Seattle after the city council introduced a new tax to try and address the homelessness crisis.
Related: 'Tax Amazon': Seattle passes plan for corporate wealth tax to fund housing Continue reading...